Thrive Capital has raised $2 billion for Thrive VII, bringing the firm's total assets under management to $9 billion.
- The latest investment vehicle will consist of two funds, with $500 million earmarked for early-stage investments and $1.5 billion going toward a late-stage fund.
- Joshua Kushner, the brother of former White House adviser Jared Kushner, founded Thrive in 2009.
- The New York-based firm has notched a number of high-profile exits that either closed in the past year or are in progress, including fintech startups Affirm and Lemonade, software companies Unity and Segment, real estate platform operators Opendoor and Compass, and health insurance provider Oscar.
- Last September, it led a $185 million investment in collaboration platform creator Airtable at a $2.59 billion valuation, according to PitchBook data.
- Thrive will remain agnostic to the stage, sector and geography of portfolio companies.